Want to make a million in crypto? It’s not about how smart you are, it’s about whether you can be clearer-headed than 90% of those blindly following the trend!
Brothers, I am the Great Sage. Don’t be fooled by my impressive name; I’ve stepped on many pits along the way. Three years ago, I also made the foolish mistake of 'going all in and losing 500,000', that feeling was worse than eating a fly. But admitting defeat is not the end; getting back up and figuring things out, I later turned that 500,000 into 6 million. Today, I won’t talk nonsense, I’ll share from the heart, using the hard-earned experiences to tell you the easiest ways for beginners to make money and the rules for survival.
1. The first rule of survival: learn to protect your capital before thinking about making money!
The crypto market is too perilous; if you don’t have some 'life-saving gear', you are just delivering food. My 'three-piece fund safety kit' must be firmly embedded in your mind:
Position pyramid:
50% ballast: Just buy Bitcoin and Ethereum. In a bear market, they also drop, but if they drop 30%, you can still sleep well, knowing you have a safety net. This is like the foundation of a house, stable!
30% potential stocks: Find those truly promising leading projects, like the currently hot Depin, RWA, and AI. Such as RNDR and AKT.
Personal opinion: Don’t follow the crowd blindly; research what the project is doing and whether the team is reliable.
20% scratch cards: This money is meant for 'playing', buy those small meme coins. Assume it will be worthless tomorrow! Spend a maximum of 5% of your total capital daily for luck, losing it won’t hurt your fundamentals.
Case: I've seen too many people take the ballast money to invest in meme coins, and a sudden crash leads to a rooftop meeting!
The Great Sage’s bloody lessons:
See a new coin multiplying several times on the first day of listing? Hold on! Wait three days! The manipulators are waiting for the first day’s pump to attract you to take the bait, and the following is likely to be a waterfall.
'Annualized 1000%' investment? Just close the page! Is money falling from the sky just hitting you? Think about how Ponzi schemes work!
When withdrawing, split it into three transactions! Don’t mind the trouble. In case the exchange acts up or there’s a black swan event freezing withdrawals, you’ll still have some 'rations' left.
Beginner's life-saving tools:
CoinGecko: Check the market cap of coins. Try to avoid 'ghost coins' with a market cap of less than 100 million dollars! The market is too small, and manipulators can easily control it.
Dexscreener: Look at the real trading data on the chain.
Case: Last year there was a meme coin that looked like it was rising well, but upon checking the chain, it was all just the manipulators swapping hands, buying in locked it (a Pi Xiu scheme), and it went directly to zero!
TokenUnlocks: Check when tokens will be unlocked. If a certain coin has 50% unlocking at the end of the month? Hurry and run! A large number of coins hitting the market, can the price look good?
2. The three axes of making money: Find the right posture and achieve twice the result with half the effort!
Having preserved the principal, let’s talk about making money. These three tricks are practical:
Information asymmetry is money:
Keep a close eye on the 'upcoming listings' section on CoinMarketCap or Binance’s official site.
If you find out which coin might be listed on major exchanges like Huobi, OKX, or Binance, go to a decentralized exchange to buy some of its associated coins a week in advance.
Case: Last year I preemptively ambushed a project coin related to a Binance IEO, and it tripled on the first day of listing.
Psychological warfare with manipulators (counter-intuitive operations):
A certain coin suddenly trends on Twitter, with a bunch of people shouting 'charge'? Don’t rush! Wait 2 hours! The manipulators are waiting for you to FOMO into buying; let the hype cool down a bit and assess the situation before moving.
Is the exchange app suddenly lagging badly, making trading difficult? Act immediately! Set your stop-loss orders! This is often a precursor to a crash or a surge; the system can’t handle the traffic.
Suddenly, a certain coin is going viral in WeChat and Telegram groups with 'huge benefits' and 'insider news'? Stay calm! Consider the possibility of shorting! Before manipulators dump their coins, they need to find some 'story' to fool retail investors into taking the bait.
Airdrop tricks:
Spend just 10 minutes a day interacting with a few recognized reliable leading projects. Transfers, storing coins, small transactions are all okay. The cost is low, and if you hit an airdrop, it's a big win!
Personal opinion: Don’t expect to hit every time, consider it free lottery tickets, but the airdrops from leading projects are worth sticking to.
3. Selling is an art: knowing how to buy is for novices, knowing how to sell is for masters!
Made money but won’t sell? It’s all for nothing! Look for signals:
Mainstream coins like BTC/ETH: If they surge over 100% within a month? Don’t be greedy! Sell in three batches, each time 30%, gradually lock in profits.
Meme coins: When the exchange announces 'this coin's contract trading is about to launch'! Clear out your holdings the same day! Good news being fully priced in, manipulators use the opportunity to dump is the norm.
Meme coins/meme coins: If it’s trending on Weibo, and grandpas and grandmas are discussing it? Market order! Sell everything! When the hype is at its peak, it’s a signal to exit! If the trading volume suddenly surges tenfold? First, withdraw your principal, let the profits fly for a bit, but don’t let them fly too long!
Bloody lesson: For $PEOPLE, I decisively cleared my holdings at $0.08 when its trading volume suddenly surged 15 times and excitement was high. What happened? Not long after, it crashed 70%! Running fast is truly a life-saver!
4. Mental training manual: Don’t let emotions cut you!
The most dangerous scythe in the crypto world is often your own mindset:
Recognize the three major truths:
Is the exchange holding a draw for an iPhone? Be careful! This usually means they are preparing to cut new investors!
Which big shot started showing off drinking tea, discussing philosophy, and talking about strategy? Be cautious! They might be quietly taking their leave!
Even the old ladies at the vegetable market are asking what coins to buy? Don’t think about it, retreat in batches! The market is definitely overheated!
Preventing impulsive decisions:
Don’t fantasize about selling at the highest point when it rises; just take profits when it's close!
If it drops, don’t brainwash yourself with 'value investing', when it’s time to cut losses, act decisively!
Don’t waste time making up stories in the group when the market is flat and boring; watch more and act less!
Daily iron rule:
Made money? Withdraw 10% to spend! Lock in profits and enjoy the joy of investing.
Lost money, single transaction loss exceeds 10%? Force a stop-loss! Don’t think about holding on to break even; it’s easy to get deeper into the hole.
A soul-searching question! If you suddenly see an unknown meme coin skyrocketing 500% in just one hour! The group is in an uproar, the screen is full of 'charge!' and 'wealth password!', adrenaline is racing... At this moment, your finger is on the buy button, what should you do?
A. Blood boiling, immediately go all in and charge!
B. Hesitant, wait to see what others say?
C. Take a deep breath, immediately open the block explorer to check if the manipulators are dumping their coins?
The answer is obvious, right? C is the choice for survival and clarity!
The cryptocurrency market is dangerous, preserving life is the top priority, and being clear-headed is the greatest asset. Follow the Great Sage, in the next issue I will take you deep into a real case where I made X times profit through 'ambush exchange tactics', and see how information asymmetry turns into real money! Steady and sure, let’s survive and thrive in the crypto world together!
